22 unchanged sentences
As of December 31, 2024 and 2023, our portfolio included 149 and 141 variable rate investments, respectively, based on LIBOR and SOFR (or “indexing rates”) for various terms.
−Removed: Borrowings under our financing arrangements are also based on LIBOR and SOFR.
−Removed: The following table quantifies the potential changes in interest income net of interest expense should interest rates increase by 50 or 100 basis points or decrease by 25 or 50 basis points, assuming that our current balance sheet was to remain constant and no actions were taken to alter our existing interest rate sensitivity.
+Added: As of June 2023, the Company has fully transitioned all loans formerly on LIBOR indexing rates to SOFR indexing rates.
+Added: The following table quantifies the potential changes in interest income net of interest expense should interest rates increase by 50 basis points or decrease by 50 or 100 basis points, assuming that our current balance sheet was to remain constant and no actions were taken to alter our existing interest rate sensitivity.
The changes in the portfolio for each basis points increase/decrease is a change from the base scenario.
2 unchanged sentences
(-) 100 Basis Points (1.09) % (6.15) %
−Removed: Base Interest Rate — % — %
(-) 50 Basis Points (1.47) % (3.03) %
+Added: Base Interest Rate — % — %
(+) 50 Basis Points 2.38 % 3.01 %
9 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.